11948193

System and Method for Securities Finance Smart Contracts on Blockchains and Distributed Ledgers

PublishedApril 2, 2024
Assigneenot available in USPTO data we have
InventorsEdmon Blount
Technical Abstract

Patent Claims
13 claims

Legal claims defining the scope of protection, as filed with the USPTO.

2

2. The system of claim 1 wherein the proof includes the UTI.

3

3. The system of claim 1 wherein the process is further configured to create a unique private transaction key for each transaction, determine the identity of all identifiers associated with prior transactions on the blockchain and transmit the unique private transaction key to each identifier identified.

4

4. The system of claim 3, wherein the private transaction key uses at least 256-bit encryption or higher.

5

5. The systems of claim 1, wherein the software application is configured to accept cross border resolutions from a credentialed foreign regulator and the processor is configured to determine whether the transaction involves cross-border financing and upon confirmation that the transaction involves cross-border financing the processor is configured to override or rescind all recall orders issued after the receipt of the resolution.

6

6. The system of claim 1, wherein the processor is further configured to update a securities financing report Journal or securities financing report Ledger residing on a server accessible to the unique lender.

8

8. The system of claim 7, wherein upon the determination that a default has occurred in any transaction associated with the borrower identifier the processor is further configured to flag the default in a securities financing report Journal or securities financing report Ledger residing on a server accessible to the unique lender.

10

10. The system of claim 9, wherein upon the determination that the unique borrower has declared bankruptcy or legal action has been commenced against the unique borrower for non-payment of debts the processor is further configured to flag the default in a securities financing report Journal or securities financing report Ledger residing on a server accessible to the unique lender.

12

12. The system of claim 11 wherein the process is further configured to create and assign a unique private transaction key for each transaction, determine the identify of all identifiers associated with prior transactions on the blockchain, and transmit the unique private transaction key to each identifier identified.

13

13. The system of claim 12, wherein the private transaction key uses at least 256-bit encryption or higher.

14

14. The systems of claim 11, wherein the software application is configured to accept cross border resolutions from a credentialed foreign regulator and the processor is configured to determine whether the transaction involves cross-border financing and upon confirmation that the transaction involves cross-border financing the processor is configured to override or rescind all recall orders issued after the receipt of the resolution.

15

15. The system of claim 11, wherein the processor is further configured to update a securities financing report Journal or securities financing report Ledger residing on a server accessible to the unique lender.

17

17. The system of claim 16, wherein upon the determination that a default has occurred in any transaction associated with the borrower identifier the processor is further configured to flag the default in a securities financing report Journal or securities financing report Ledger residing on a server accessible to the unique lender.

19

19. The system of claim 18, wherein upon the determination that the unique borrower has declared bankruptcy or legal action has been commenced against the unique borrower for non-payment of debts the processor is further configured to flag the default in a securities financing report Journal or securities financing report Ledger residing on a server accessible to the unique lender.

Patent Metadata

Filing Date

Unknown

Publication Date

April 2, 2024

Inventors

Edmon Blount

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Cite as: Patentable. “SYSTEM AND METHOD FOR SECURITIES FINANCE SMART CONTRACTS ON BLOCKCHAINS AND DISTRIBUTED LEDGERS” (11948193). https://patentable.app/patents/11948193

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